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Shoals Technologies Group Stock

Shoals Technologies Group ROA 2024

Shoals Technologies Group ROA

0.05

Ticker

SHLS

ISIN

US82489W1071

In 2024, Shoals Technologies Group's return on assets (ROA) was 0.05, a -77.92% increase from the 0.21 ROA in the previous year.

Shoals Technologies Group Aktienanalyse

What does Shoals Technologies Group do?

Shoals Technologies Group Inc is a company specializing in the manufacturing and selling of electronic components for solar installations. It was founded in 1996 and is headquartered in Portland, Tennessee, USA. Shoals Technologies was founded by Dean Solon and Joe Pritzel, who recognized the need for efficient solar wiring and established the company to address this gap. The company's business model revolves around producing and selling electronic components for solar installations, with a focus on PV string monitoring and safety devices, MBB interconnections, and solutions for photovoltaic systems. The company's main divisions include String Routing Systems (SRS), Quick Mounting Systems (QMS), and Voltage Testing. SRS devices monitor and supervise solar installations, measuring panel power consumption and providing an overview of system performance. QMS products are easy to install and help save time and money during solar installation. Shoals Technologies' voltage testing is essential for ensuring proper functioning of solar systems and detecting faults. The company's products are used in over 50 countries and cater to solar plant operators, installers, and module manufacturers. Shoals Technologies aims to provide reliable, efficient, and cost-effective solutions for the solar industry. The company has a history of innovation and growth, continuously developing new products and services to meet customer demands. In 2016, Shoals Technologies acquired a production facility in China to expand its reach in the Asian solar industry. Shortly after, the company went public and is currently listed on NASDAQ under the ticker symbol SHLS. Shoals Technologies strives to shape the future of solar energy through innovative products and technologies. They see themselves as pioneers in the industry, committed to supporting global customers in generating clean and sustainable energy. Shoals Technologies Group ist eines der beliebtesten Unternehmen auf Eulerpool.com.

ROA Details

Understanding Shoals Technologies Group's Return on Assets (ROA)

Shoals Technologies Group's Return on Assets (ROA) is a key performance indicator that measures the company's profitability in relation to its total assets. It is calculated by dividing the net income by the total assets. A higher ROA indicates efficient asset utilization to generate profits, reflecting managerial effectiveness and financial health.

Year-to-Year Comparison

Comparing Shoals Technologies Group's ROA year-over-year provides insights into the company’s operational efficiency and asset utilization trends. An increasing ROA demonstrates enhanced asset efficiency and profitability, while a declining ROA can indicate operational or financial challenges.

Impact on Investments

Investors consider Shoals Technologies Group's ROA as a crucial metric to evaluate the company’s profitability and efficiency. A higher ROA signifies that the company is effectively utilizing its assets to generate profits, making it a potentially attractive investment.

Interpreting ROA Fluctuations

Variations in Shoals Technologies Group’s ROA can be attributed to changes in net income, asset purchases, or operational efficiencies. Analyzing these fluctuations assists in assessing the company's financial performance, management efficiency, and strategic financial positioning.

Frequently Asked Questions about Shoals Technologies Group stock

What is the Return on Assets (ROA) of Shoals Technologies Group this year?

The Return on Assets (ROA) of Shoals Technologies Group is 0.05 undefined this year.

What was the ROA of Shoals Technologies Group compared to the previous year?

The ROA of Shoals Technologies Group has increased by -77.92% compared to the previous year.

What consequences do high ROA have for investors of Shoals Technologies Group?

A high ROA is advantageous for investors of Shoals Technologies Group, as it indicates that the company efficiently utilizes its assets and generates good profits.

What are the consequences of low ROA for investors in Shoals Technologies Group?

A low ROA can be unfavorable for investors of Shoals Technologies Group as it indicates that the company is inefficiently utilizing its assets and may potentially achieve lower profits.

How does an increase in the ROA of Shoals Technologies Group affect the company?

An increase in ROA of Shoals Technologies Group can be an indicator of improved efficiency in asset utilization and higher profitability.

How does a reduction in ROA of Shoals Technologies Group impact the company?

A reduction in the ROA of Shoals Technologies Group can be an indicator of lower asset efficiency and profitability.

What are some factors that can influence the ROA of Shoals Technologies Group?

Some factors that can influence the ROA of Shoals Technologies Group include revenue, operating costs, asset structure, and industry average.

Why is the ROA of Shoals Technologies Group important for investors?

The ROA of Shoals Technologies Group is important for investors as it is an indicator of the company's profitability and efficiency in utilizing assets. It provides investors with information on how well the company utilizes its resources to generate profits.

What strategic measures can Shoals Technologies Group take to improve ROA?

To improve ROA, Shoals Technologies Group can take measures such as cost savings, revenue growth, optimizing asset structure, and diversifying its business activities. It is important for the company to conduct a thorough review of its financial situation to determine the best strategic measures to improve ROA.

How much dividend does Shoals Technologies Group pay?

Over the past 12 months, Shoals Technologies Group paid a dividend of . This corresponds to a dividend yield of about . For the coming 12 months, Shoals Technologies Group is expected to pay a dividend of 0 USD.

What is the dividend yield of Shoals Technologies Group?

The current dividend yield of Shoals Technologies Group is .

When does Shoals Technologies Group pay dividends?

Shoals Technologies Group pays a quarterly dividend. This is distributed in the months of .

How secure is the dividend of Shoals Technologies Group?

Shoals Technologies Group paid dividends every year for the past 0 years.

What is the dividend of Shoals Technologies Group?

For the upcoming 12 months, dividends amounting to 0 USD are expected. This corresponds to a dividend yield of 0 %.

In which sector is Shoals Technologies Group located?

Shoals Technologies Group is assigned to the 'Industry' sector.

Wann musste ich die Aktien von Shoals Technologies Group kaufen, um die vorherige Dividende zu erhalten?

To receive the latest dividend of Shoals Technologies Group from 10/4/2024 amounting to 0 USD, you needed to have the stock in your portfolio before the ex-date on 10/4/2024.

When did Shoals Technologies Group pay the last dividend?

The last dividend was paid out on 10/4/2024.

What was the dividend of Shoals Technologies Group in the year 2023?

In the year 2023, Shoals Technologies Group distributed 0 USD as dividends.

In which currency does Shoals Technologies Group pay out the dividend?

The dividends of Shoals Technologies Group are distributed in USD.

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Andere Kennzahlen von Shoals Technologies Group

Our stock analysis for Shoals Technologies Group Revenue stock includes important financial indicators such as revenue, profit, P/E ratio, P/S ratio, EBIT, as well as information on dividends. We also assess aspects such as stocks, market capitalization, debt, equity, and liabilities of Shoals Technologies Group Revenue. If you are looking for more detailed information on these topics, we offer comprehensive analyses on our subpages.